Jakarta - The Indonesia Stock Exchange has temporarily suspended the trading of PT MNC Studios International Tbk (MSIN) shares.

IDX Transaction Supervision Division Head Lidia M Panjaitan said the suspension was due to a significant increase in the cumulative price of MSIN's shares.

"IDX considers it necessary to temporarily suspend trading of MSIN shares in the regular market and cash market starting from the first trading session on December 30, 2021, until further stock exchange announcements are made," she said in Jakarta on Thursday (30/12).

He explained that the purpose of the suspension of the shares was to provide sufficient time for market participants to consider carefully based on the information available in each of their investment decisions.